South Korean cryptocurrency exchange GDAC reported that it lost $13 million in a hack attack targeting its wallets. The seized funds include a large amount of BTC and these coins…
South Korean cryptocurrency exchange steals $15 million
GDAC confirmed on Monday that about $13 million was hacked on Sunday. On April 9, hackers transferred roughly $13 million worth of crypto, roughly 23% of the exchange’s wallets, from Gdac’s hot wallet to an anonymous wallet.
Here are the stolen coins
According to reports, the exchange lost approximately $13 million, including approximately 61 BTC, 350.5 ETH, 10 million WEMIX and 220,000 USDT, which account for 23% of its total managed assets. Gdac says it informed authorities about the hack and is working to get the funds back.
Crypto platforms have suffered some notable attacks and exploits in the last 15-18 months, the largest of which was Axie Infinity’s Ronin bridge, which suffered a $625 million hack last year. On Sunday, the decentralized finance (DeFi) protocol Sushi was also exploited for $3.3 million. A hot development with the GDAC stock market hack was the Terraport Finance hack.
3 hack attacks in 3 days
Funds raised in the AnubisDAO rug pull operation, which took place in October 2021, are reportedly in motion as of April 2023.
In the second hack, popular Ethereum-based DeFi platform SushiSwap reported that an endorsement contract caused a loss of $3.3 million. Reports indicate that the stolen funds contained 1800 ETH.
Terra Classic (LUNC) platform also hacked
In a hot news on Kriptokoin, we reported that Terra Classic’s DeFi platform Terraport Finance was hacked and users’ coins were stolen. According to the news, the event took place on April 8, 2023 and the extent of the hacking attack is not yet known clearly. Platform officials announced that they closed access to users’ accounts after the hack attack and took the necessary measures to minimize the impact of the attack.
However, no information was shared about which cryptocurrencies of the platform were affected or how many coins were stolen. It was stated that an e-mail was sent to platform users to take the necessary steps to reopen their accounts. The news contains a warning that crypto users should be more careful, especially in matters related to their security.
Cryptocurrency attacks and seized funds in Q1 2023
According to on-chain data consolidated in a quarterly report by blockchain security firm CertiK, hackers were able to gain access to more than $320 million in the first quarter of 2023 alone.
Losses were significantly lower than in the first and fourth quarters of 2022, when hackers received approximately $1.3 billion and $950 million, respectively. Of the funds stolen during the quarter, more than $31 million was lost in 90 scam scams, while more than $222 million was lost in 52 flash loan and oracle manipulation exploits.
Regarding the events and the amount lost per Blockchain, CertiK highlighted that there were 139 hacking events on BNB Chain. Meanwhile, despite fewer hacks, Ethereum lost $221 million, with the most lost in the first quarter of 2023.
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